Purchasing a new property; renting the old

[Christopher Nelson]

Hello all!

Background: I currently have an owner occupied house that I am thinking about turning into a rental. I intend to purchase another property and occupy it.

I spoke with a lender and got pre approved. He mentioned that I will need a signed lease prior to closing on my new property.

Anyone have tips on getting a lease prior to moving out of the property? I do not want to have a lease and then we are not able to close.

Maybe make the lease contingent on the property closing?

Help!